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Encomenda Capital Partners SGEIC is a venture capital firm founded in 2017 and based in Barcelona, Spain. The firm was established by a group of entrepreneurs who understand the challenges faced by early-stage startups. Encomenda focuses on high conviction investments in technology-driven companies, particularly in the pre-seed and seed stages. The firm has built a strong reputation for its hands-on approach, providing not only capital but also valuable insights and connections to its portfolio companies.
Currently, Encomenda manages a portfolio of 72 companies and emphasizes capital efficiency in its investment strategy. The firm has a network of successful entrepreneurs among its limited partners, which enhances its ability to support startups effectively. Encomenda has raised significant funds, including a recent €9.5 million for Encomenda Seed II, indicating its active engagement in the startup ecosystem. The firm operates from its offices in Barcelona and Madrid, focusing primarily on startups originating from Spain with international ambitions.
Encomenda Capital Partners invests primarily in pre-seed and seed stage startups across various technology sectors, including AI, SaaS, healthcare, frontier technologies, and commerce. The firm typically invests between €100,000 and €500,000 in initial funding, with the potential for follow-on investments of up to €3 million per company. This investment strategy allows Encomenda to support startups through their critical early stages while maintaining a focus on capital efficiency.
The firm seeks projects that not only demonstrate technological innovation but also have the potential for international growth. Encomenda emphasizes a hands-on approach, providing mentorship and networking opportunities to help startups scale effectively. The firm looks for founders who are passionate, resilient, and possess a clear vision for their businesses. Encomenda's investment thesis revolves around high conviction in technology-driven startups that can make a significant impact in their respective markets.
Encomenda Capital's portfolio includes a diverse range of startups, showcasing its commitment to supporting innovative technology-driven companies. Notable portfolio companies include:
This diverse portfolio reflects Encomenda's focus on sectors such as AI, healthcare, and commerce, aligning with its investment strategy aimed at fostering innovation in technology.
Carlos Blanco: President & CEO of Encomenda Capital, Carlos has a background as an entrepreneur and investor, with experience in leading successful startups. He is known for his expertise in venture capital and his commitment to supporting early-stage companies.
Mercè Tell: General Partner & COO, Mercè has extensive experience in operations and management within the venture capital space. She plays a crucial role in overseeing the firm's investment strategies and operational efficiency.
Javier Darriba: Key Partner, Javier brings a wealth of knowledge in technology investments and has been instrumental in identifying promising startups for Encomenda's portfolio.
Christophe Canler: Chief Revenue Officer, Christophe focuses on driving growth and revenue generation for the firm and its portfolio companies, leveraging his extensive network in the tech industry.
Jacobo Wirz: Partner, Jacobo specializes in early-stage investments and has a strong track record of supporting startups in their growth journeys.
Mario Brassesco: Investment Manager, Mario is responsible for sourcing and evaluating potential investment opportunities, ensuring alignment with Encomenda's strategic focus.
Naira França: Investor Relations Manager, Naira manages relationships with limited partners and stakeholders, facilitating communication and engagement.
Jan Oñate: Portfolio & Operations Analyst, Jan supports portfolio management and operational initiatives, ensuring that startups receive the necessary resources and guidance.
Laura Otto: Investment Analyst, Laura conducts market research and analysis to identify trends and opportunities within the technology sector.
Pablo Pretus: Operations Analyst, Pablo focuses on operational efficiency within the firm and its portfolio companies.
José Muñoz: Investment Analyst, José evaluates potential investments and supports the due diligence process.
Georgina Icart: Corporate Comms & Marketing, Georgina manages the firm's communications and marketing strategies, enhancing Encomenda's visibility in the venture capital space.
Marçal Llobet: Investment Analyst, Marçal supports investment evaluations and market analysis.
Azucena González: Financial Controller, Azucena oversees financial operations and reporting for the firm.
Startups interested in pitching to Encomenda Capital should submit their proposals through the firm's website. It is essential to include a comprehensive pitch deck that outlines the business model, market opportunity, competitive landscape, and financial projections. Encomenda prefers to receive pitches via their online portal, which can be accessed through their website.
Founders should expect a response within a few weeks after submission. Warm introductions are beneficial but not mandatory. Encomenda values clarity and conciseness in pitch materials, as well as a clear demonstration of the startup's potential for growth and impact.
Encomenda Capital operates several funds to support early-stage startups, including:
These programs are designed to foster innovation and growth among early-stage technology companies.
In March 2026, Encomenda Capital announced the successful raising of €9.5 million for its Encomenda Seed II fund, which focuses on pre-seed and seed stage investments. This funding reflects the firm's ongoing momentum and commitment to supporting early-stage technology startups.
Additionally, Encomenda has been active in the venture capital space, with recent blog posts discussing advancements in AI and the accessibility of entrepreneurship. The firm participated in the 4YFN 2026 event, showcasing its portfolio companies and engaging with the entrepreneurial ecosystem.
What are Encomenda Capital's investment criteria?
Encomenda Capital primarily invests in pre-seed and seed stage startups within technology sectors such as AI, SaaS, healthcare, and commerce. The firm looks for companies with international ambitions that originate from Spain.
How can startups apply or pitch to Encomenda Capital?
Startups can submit their pitches through the Encomenda Capital website. It is recommended to include a clear business plan, financial projections, and details about the founding team.
What makes Encomenda Capital different from other venture capital firms?
Encomenda Capital differentiates itself through its hands-on approach and strong network of successful entrepreneurs among its limited partners. This allows the firm to provide not just capital but also mentorship and strategic guidance to its portfolio companies.
What is the geographic scope of Encomenda Capital's investments?
The firm primarily focuses on startups based in Spain, particularly those with international growth potential. However, it also considers opportunities across Europe.
What is the typical check size for investments?
Encomenda Capital typically invests between €100,000 and €500,000 in initial funding, with follow-on investments potentially reaching up to €3 million per company.
What kind of post-investment involvement does Encomenda Capital have?
Encomenda Capital takes a hands-on approach post-investment, providing ongoing support, mentorship, and networking opportunities to help startups scale effectively.
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